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Showing posts from April, 2019

Market News - Yes Bank Falls 30%,Hero MotoCorp Declines, IndusInd Bank slumps

Yes Bank Falls 30%  - After Reporting Surprise Q4 Loss Shares of the private lender fell as much as a percent to Rs 166.60, its lowest since December 2018. The bank announced its March quarter results on Friday. The bank’s loss stood at Rs 1,506 crore in the quarter ended March, according to its exchange filing. 
IndusInd Bank shares slumped 4%-  to Rs 1,631.35, to emerge among the biggest Sensex losers.
Coffee Day Enterprises Jumps After Block Deal In Mindtree - Shares of Coffee Day Enterprises rose as much as 6.5 percent, the most in over a month, to Rs 284.15. About 3.27 crore shares or 20 percent equity of Mindtree traded in a single block. That, however, comes when L&T has mounted a three-step hostile bid to acquire the IT company—by buying 20.3 percent owned by VG Siddhartha’s Coffee Day Group, acquiring 15 percent from the open market and launching an open offer for additional 31 percent at Rs 980 apiece.
Rupee Opens: The Indian rupee gained in the early trade on Tuesday. It o…

Market News - Tata Steel, Axis Bank shares jump, Cyient Surges 9%

Cyient Surges 9%- Cyient Jumps The Most In A Year Shares of the engineering services provider surged 9 per cent intraday to Rs 636.65. The company reported its fourth-quarter earnings on Thursday. The Hyderabad-based company’s net profit nearly doubled to Rs 176 crore, while its revenue fell 2.1 per cent to Rs 1,162.9 crore. The gainers in the morning session are Axis Bank, HCL Tech, Bharti Airtel, Sun Pharma, Yes Bank, GAIL, Dr Reddy's Lab, SBI, Tata Steel, Indiabulls Housing, Bharti Infratel and Zee Entertainment, while losers are Maruti Suzuki, Tata Motors, Hero Moto, M&M and Kotak Mahindra Bank. Among the sectors, except auto all other sectors are witnessing buying led by metal, pharma, bank, infra, energy, IT and FMCG.
Rupee Opens: The Indian rupee gained in early trade on Friday. It opened higher by 16 paise at 70.09 per dollar versus previous close 70.25.
Tata Steel, Axis Bank shares jump- Shares of the steelmaker rose 3.6 per cent, the most in over a week, to Rs 529 apiec…

Market News- Bharti Infratel Top Loser , Titan Hits , Yes, Bank, Axis Bank shares up

Bharti Infratel Top Loser On Nifty - Shares of the telecom tower operator declined as much as 4.7 per cent to over a two month low of Rs 287.35 apiece. The company reported its March quarter results on Wednesday. Brokerage firm CLSA downgraded its recommendation on the stock to ‘Sell’ from ‘Outperform’.  Titan Company Hits All-Time High - Titan Company hit a record high and crossed Rs 1 lakh crore in market cap.
Rupee Opening - The Indian rupee has opened marginally lower at 70 a dollar, against the closing of 69.87 in the previous session.
Crude Update - Oil prices fell on Thursday as record US output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC’s continued curbs on supply.
Yes, Bank, Axis Bank shares up - Yes, Bank shares are trading 1.5% higher at Rs 242.80, while Powergrid shares are up 1.3% to 194.40. Private sector lender Axis Bank shares are trading slightly higher at Rs 755.60, ahead of Q4 results. 
UltraTech Exte…

Market Update - IndusInd Bank, IOC shares gain; Lupin Falls

Lupin Falls-  The Most In A Month After U.S. FDA Owes Shares of the drugmaker fell 3.8 percent intraday, the biggest slide in over a month, to Rs 835 apiece. Lupin, in an exchange filing, said the U.S. health regulator had cautioned that the firm's Pithampur facility may be subject to regulatory or administrative action.
IndusInd Bank, IOC shares gain - IndusInd Bank shares are trading 1.3% higher at Rs 1,675.50, while IOC shares are up 3% to Rs 168.65, to emerge among the biggest Sensex gainers. 
Coromandel International, IOC, HPCL, BPCL, Indiabulls Housing, IndusInd Bank, Gail Zee Ent, HDFC, JSW Steel, RIL, Eicher Motors are among major gainers on the indices, while UltraTech Cement, ACC, ITC, Sun Pharma and Tata Global Beverage are trading lower. On the sectoral front, bank, auto, energy, infra and IT are trading higher.
Rupee Opens: The Indian rupee opened lower by 19 paise at 69.81 per dollar on Wednesday versus previous close 69.62.
Sterlite Technologies Gains - After Q4 Result…

Market Update - Zee Enterprises jump,GAIL falls over 3%, Lupin Jumps

GAIL India falls over 3%. - The PSU had emerged as the highest bidder for operating seven wind power plants of Infrastructure Leasing and Financial Services (IL&FS). The group has Rs 4,800 crore of wind assets and total debt of the wind portfolio stands at Rs 3,700 crore and there will be no haircut of lenders, the release said. Lupin Jumps - After Morgan Stanley Upgrade Shares of the drugmaker rose 4.1 per cent intraday to a nearly a three-month high of Rs 866 apiece. Brokerage firm Morgan Stanley upgraded its recommendation on the stock to ‘Overweight’ from ‘Equal-Weight’. Also, the price target was hiked to Rs 1,094 per share.
Tejas Networks jumps 10%  - The share price of Tejas Networks jumped 10.5 per cent intraday Tuesday after the company reported strong numbers for the quarter ended March 2019. The company posted a 23 per cent increase in consolidated net profit for January-March 2019 quarter at Rs 35.89 crore.
Zee Enterprises, Bharti Airtel shares jump - Zee Entertainment sh…

Market News- RIL slumps 3%, HDFC Bank up, Oil Market Fall

RIL slumps 3%, HDFC Bank up - Reliance Industries shares slumped nearly 3% to hit the day’s low at Rs 1,345.05. HDFC Bank shares are trading 0.5% up at Rs 2,301.75.  Shares of Mukesh Ambani-led Reliance Industries will assume focus after the firm reported strong Q4 results, and is set to separate fibre and tower assets in a bid to cut Jio debt. HDFC Bank shares will also be on the investor’s radar. L&T shares will also assume focus.
Tata Coffee, SpiceJet, Dr Reddy's Lab, HDFC Bank, are among major gainers on the indices, while losers are Reliance Industries (RIL), Jet Airways, Reliance Capital, Reliance Infra, Reliance Power, Reliance Comm, SBI, DHFL and Canara Bank. On the sectoral front except IT, all other sectors are trading lower led by energy, infra, auto, bank, metal and pharma.
Rupee Opens: The Indian rupee opened lower by 39 paise at 69.75 per dollar on Monday versus 69.36 Thursday.
Oil Market Fall - As Oil Near 6-Month High Shares of the oil retailers declined as Brent…

Market News - Reliance Industries up 2%, Jet Airways down 10%

Reliance Industries up 2%-  Shares of billionaire Mukesh Ambani-led Reliance Industries jumped by more than 2% at Rs 1,375.50, ahead of its Q4 results.  Jet Airways down 10%- Shares of private sector airline slumped by 10% to Rs 216.45 on NSE. Shares of the cash-strapped airline plummeted over 34 per cent, its biggest intraday fall on record, to RS 158.70 apiece. 
Spicejet At 14-Month High - Shares of the low-cost carrier rose as much as 15 percent to Rs 152.60, its highest since February 2018. The shares gained 52 per cent in the last five days.
RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, are the major gainers in the indices, while losers are Jet Airways, Infosys, TCS and Hindalco. Among the sectors, auto, energy and bank are trading higher, while selling seen in the metal, IT and infra.
Rupee opening - Rupee opens at Rs 69.46 against US Dollar, up 14 paise against Tuesday's close of Rs 69.60
Ashoka Buildcon gains 2% - Shares of Ashoka Build…

Market News- Wipro gains 1%, ICICI Bank, Coal India top gainers,LIC Housing Falls

Wipro gains 1% -  Shares of the IT services provider rose as much as 1.3 per cent to a seven-week high of Rs 291.45 per share after its March quarter results are scheduled to be announced today.  ICICI Bank, Coal India top gainers -  ICICI Bank shares are trading 2.5% higher at Rs 402.45, while VEDL shares are up 2% to Rs 188.70 on BSE. Tata Motors, Infosys shares are trading 1% lower each in the morning trade on Tuesday.
Dr Reddy's Lab, Vedanta, Coal India, ICICI Bank, IOC, Asian Paints, Wipro, Hero Moto, JSW Steel, Bharti Airtel, SBI are the major gainers on the indices in the morning trade, while on the other hand Infosys, Tata Motors, HUL and Tata Steel are trading lower. All the sectoral indices are trading in green led by metal, pharma, energy, auto, infra, bank and IT.
Rupee Opens: The Indian rupee opened lower by 7 paise at 69.49 per dollar on Tuesday versus 69.42 yesterday.
Deepak Fertilizers up 7% - Shares Deepak Fertilisers and Petrochemicals Corporation gained 7 per cent …

Market News - Infosys down 4%,TCS Gains 3%, Adani Power Falls

Infosys down 4% - Infosys was the worst performer on the benchmark indices as the stock fell as much as 4.7 per cent, the most in over six months, to Rs 712.60.  TCS Gains 3% - TCS Top Performer On Sensex, Nifty After Q4 Profit Beats Estimates Shares of Tata Consultancy Services rose as much as 3.5 per cent to Rs 2,084. The stock was the top performer on Sensex and Nifty. The company continued to see steady growth in business even as profit remained flat and margin narrowed in the March quarter. 
TCS, Coal India, Tata Motors, Hero Moto, Wockhardt, Lakshmi Vilas Bank, DLF, ITC, GMR Infra, IOC are among major gainers, while losers are Infosys, Gail and ICICI Bank. All the sectoral indices are trading in green led by metal, auto, infra, FMCG, and energy.
Rupee Opens: The Indian rupee opened higher by 8 paise at 69.07 per dollar on Monday versus Friday's close 69.15.
Adani Power Falls-  Despite Regulator’s Relief Shares of the power producer snapped its two-day gaining streak and slumped…

Market News - TCS, Infosys Up; SpiceJet Extends Gain; Ruchi Soya Jumps

TCS, Infosys Up - TCS shares are trading 1% higher at Rs 2,035.30, The company consolidated profit during the fourth quarter is expected to decline 1.5 per cent on a sequential basis to Rs 7,981 crore IOC, TCS, Infosys, ONGC, HPCL, BPCL, Tata Steel, RIL, Wipro, Power Grid, Cipla, Bajaj Finance are among major gainers, while losers are HCL Tech, Tata Motors, HDFC, Dr Reddy's Lab, Adani Ports and Yes Bank. All the sectoral indices are trading in green. Midcap and smallcap indices are trading with marginal gains.
Rupee Opens: The Indian rupee opened lower by 12 paise at 69.04 per dollar on Friday versus previous close 68.92.
SpiceJet Extends Gain, Jumps Over 9%-  Shares of SpiceJet extended gains for the second consecutive trading session and rose as much as 9.4 per cent to Rs 110.80. The stock advanced nearly 10 per cent in yesterday’s trade, its biggest jump since March 20. 
Vakrangee At Eight-Month High -  Shares of Vakrangee rose as much as 7.7 per cent to Rs 71, its highest level s…

Market News - Wockhardt Gains, Tata Motors, HUL top gainers

Siemens At Over 13-Month High - Shares of Siemens extended gains for the third consecutive trading session and rose as much as 1.15 per cent to Rs 1,179, the heist level since Feb. 27, 2018. Wockhardt Gains -  On FDA Boost Shares of Wockhardt rose as much as 3.5 per cent to Rs 457.80, the highest in over two months. The company received U.S. FDA approval for generic version of Dacogen, which is used to treat certain forms of cancer.
IOC, Wipro, BPCL, HPCL, Tata Motors, HUL, Indiabulls Housing, Asian Paints, Yes Bank, Hero Motocorp are among major gainers on the indices, while losers are Sun Pharma, Vedanta, Zee Ent, Infosys, Adani Ports, Cipla, Hindalco and Axis Bank. Among the sectors, bank, IT, metal and pharma are trading lower, while some buying saw in the energy, infra and FMCG sectors.
Crude Update: Oil prices fell on Thursday after US crude stockpiles surged to their highest levels in almost 17 months amid record production.
Rupee Opens: The Indian rupee opened lower by paise at 6…

Market Update - HDFC Bank Falls,Tata Motors, Yes Bank top gainers

HDFC Bank Falls - On Possible Block Deal Shares of the Mumbai-based lender fell as much as 1.7 per cent, the most in nearly two months, to Rs 2,249. An undisclosed entity is likely to sell 1.1 crore shares or 0.42 per cent equity in the stock via block deal at a range of Rs 2,219-2,287 per share, implying a 3 per cent discount from the last regular trade, bankers involved in the deal. Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail, On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher.
Rupee Opens: The Indian rupee opened flat at 69.28 per dollar on Wednesday versus previous close 69.29.
Tata Motors, Yes Bank top gainers- Yes, Bank shares gained nearly 0.70% to Rs 273.50, while Tata Motors shares are trading 1% higher at Rs 207.55. Vodafone Idea shares a…

Market - Bharti Airtel gains,ITI Jumps over 9%,Asian Paints Falls

Bharti Airtel gains - Bharti Airtel shares are trading 1.2% higher at Rs 358.40, while Lakshmi Vilas Bank shares slumped by nearly 4% lower at Rs 93.60 on NSE after the RBI said that it has not given the approval to proceed with Indiabulls Housing Finance merger. Bharti Airtel, Zee Entertainment, HCL Tech, Wipro, HUL, Britannia Industries are trading with marginal gains, while lowers are Dhanlaxmi Bank, Asian Paints, BPCL, Sun Pharma, Gail, Kotak Mahindra Bank, Tata Motors HCPL and IOC. Among sectors, auto, bank, energy and pharma are witnessing some selling pressure, while buying seen in the metal and FMCG stocks.
Rupee Opens: The Indian rupee opened marginally higher at 69.59 per dollar on Tuesday versus previous close 69.67.
Infosys Surges To Record - Shares of Infosys extended gains for the second consecutive trading session and rose as much as 0.75 per cent to hit an all-time high at Rs 773. The stock advanced 36 per cent in the past 12 months compared to a 15 per cent gain in the …

Market News -DLF Drops 5%, Tata Steel, Lakshmi Vilas Bank shares jump

DLF Drops Over 5% - After A Block Deal, Shares of DLF fell as much as 5.3 per cent, the most in over two months, to Rs 191. About 6.81 crore shares or 3.5 percent equity changed hands in a single block deal. Tata Steel, Lakshmi Vilas Bank shares jump - Shares of Tata Steel are trading 1.5% higher at Rs 556.35 after the firm reported record output post deal with Bhushan Steel. Lakshmi Vilas Bank shares jumped 5% to hit the upper price band at Rs 97.35 in the opening trade after the lender is all set to seek RBI, not for an intended merger with Indiabulls

Lakshmi Vilas Bank board clears merger with Indiabulls Housing Finance -  Board of Lakshmi Vilas Bank on Friday approved merger with Indiabulls Housing Finance in a through a share swap deal, both companies said in separate regulatory filings. The shareholders of the private sector lender will get 0.14 share of Indiabulls Housing Finance for every 1 equity share held. The given merger is subject to the Reserve Bank of India (RBI) approva…

Market - Titan Gains ,Godrej Properties up 5%,IndusInd Bank, Yes Bank shares surge

Titan Gains -  After Q4 Sales Jump Shares of the jewellery maker rose as much as 2.13 per cent to Rs 1,129.70. The company’s sales increased 21 per cent, while Jewellery segment rose 22 per cent in the previous financial year, in line with expectations, according to its stock exchange filing. The company said targeting growth of 20 per cent for 2019-20, despite muted outlook for the economy. Yes Bank, Cipla, Titan, IndusInd Bank, M&M, Hero Moto, Vedanta, Zee Entertainment, Sun Pharma, IOC, are among major gainers, losers are Adani Ports, Britannia, Coal India, Bharti Airtel. All the sectoral indices are trading in green led by metal, IT, auto and bank.
Rupee Opens: The Indian rupee opened higher by 9 paise at 69.07  per dollar on Friday against previous close 69.16.
IndusInd Bank, Yes Bank shares surge - IndusInd Bank shares jumped by more than 1.6% to Rs 1,768.05, while Yes Bank shares gained nearly 1.5% to Rs 272.40. Maruti Suzuki shares price is trading 0.1% lower at Rs 7,108. 
Go…

Market - Wipro Falls, Bharti Airtel,Powergrid top gainers ,Amara Raja jumps

Wipro Falls - After A Block Deal Shares of Wipro fell as much as 1.9 per cent to Rs 256.55. About 4.44 crore shares changed hands in a pre-market block deal. Buyers and sellers were not known immediately. Trading stock advanced 23 percent in the past 12 months compared to a 17 percent gain in the Sensex. Indiabulls Housing, Hero Motocorp, Titan, UltraTech Cement, L&T, Vedanta, Bharti Airtel, SRF, Godrej Agrovet are among major gainer,while losers are Wipro, HCL Tech, Zee Entertainment, UPL, BPCL, JSW Steel and Tata Steel. On the sectoral front, except IT and metal, all other sectoral indices are trading in green.
Rupee Opens: The Indian rupee opened lower by 11 paise at 68.53 per dollar on Thursday versus 68.42 yesterday.
Bharti Airtel, Powergrid top gainers - Bharti Airtel shares are trading 1.7% higher at Rs 355.75, while Powergrid shares are trading 1% higher at Rs 205. 
Amara Raja jumps - Amara Raja Batteries Rebounds After Falling Nearly 10% Yesterday Shares of Amara Raja Batter…

Market Update - Nifty hits all time high, Yes bank jumps, Marico gains.

Breaking: Nifty Hits An All-time High The NSE Nifty 50 Index hit a new all-time high at 11,761.
Yes, Bank shares jumped- by more than 2% to hit the day's high at Rs 287. Tata Steel shares are trading 1.7% higher at Rs 541, to emerge among the top Sensex gainers. 
Marico Gains-  On Q4 Outlook Forecast Shares of the FMCG company rose as much as 3.9 per cent to Rs 360. Marico said that during the fourth quarter they have witnessed stable demand conditions and healthy offtake growth on the back of the competitive strength of the franchise, according to its exchange filing. 
Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India. Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma and energy.
Rupee Opens: The Indian rupee opened marginally higher at 68.72 per dollar on…

Market News- Eicher Motors, Bharti Airtel gains, Cyient Falls

Eicher Motors, Bharti Airtel top gainers - Eicher Motors shares gained by more than 2% to hit the day’s high at Rs 20,617.35, Eicher Motors Gains After Dasari Joins As CEO Shares of the Royal-Enfield maker snapped its four-day decline and rose as much as 5.7 per cent to Rs 21,191.05. Vinod Dasari joined the company as the CEO of Royal Enfield, according to a company filing, while Bharti Airtel shares zoomed by more than 2% to Rs 347.10 on BSE.

The major gainers are Eicher Motors, Dr Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech. Among the sectors, IT, Infra, FMCG, energy are trading higher, while some selling seen in the metal and banking stocks.
Rupee opening - Rupee opens weaker at 69.27/$ vs Friday's close of 69.15 against the US dollar
Cyient Falls  - The Most In Over Two Months After Weak Q4 Revenue Forecast Shares of Cyient fell as much as 6.7 per cent the most since Jan. 18, 2019, to Rs 60…

Market Update - VEDL, Tata Motors top gainers ; SRF falls

VEDL, Tata Motors top gainers - Tata Motors shares zoomed by more than 4% to Rs 182, while VEDL shares jumped more than 4% to Rs 191. Bank of Baroda shares are higher by more than 2% to Rs 131.35, after the firm’s merger with Dena Bank and Vijaya Bank is effective today. 

L&T bags orders: Larsen and Toubro have won a large order from Kuwait Oil Company (KOC) in the range of Rs 2,500 to 5,000.

Vedanta, JSW Steel, Tata Steel, UltraTech Cement, Adani Ports, Bharti Airtel, Bajaj Auto, Eicher Motors, M&M  are among major gainers on the indices, while losers are Cipla, HCPL, BPCL, IOC, ONGC and Zee Ent. Except for energy, all other sectoral indices are trading higher led by metal, PSU bank, auto, infra, IT and pharma.
Intellect Design Arena Gains-  After Winning Its Highest-Ever Deal Shares of Intellect Design Arena rose as much as 5.6 per cent to Rs 214.80. The company won a large multi-million deal from one of the top 20 banks in North America, according to its stock exchange filing…